Japan Wholesale Inflation Stays Elevated in August
Japan wholesale inflation remained elevated in August with a 7.6 percent annual rise. The data reinforces mounting price pressures across the economy. Markets now fully price in a potential rate hike by the central bank.
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Japan's wholesale inflation rose 7.6% in August from a year earlier, boosting pressure on the central bank. The producer price index exceeded the median market forecast of a 7.4% increase. Higher import costs continue to ripple through the domestic economy.
